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Updated about 8 years ago on . Most recent reply

User Stats

38
Posts
18
Votes
Jonathan Gobbo
  • Real Estate Broker
  • Tulsa, OK
18
Votes |
38
Posts

**Great Potential Cash Flow in Tulsa, OK**

Jonathan Gobbo
  • Real Estate Broker
  • Tulsa, OK
Posted

Two quadplexes for sale.  We can sell them individually or as a package.  First quad is 3/4 leased and we are expecting to have the fourth leased by the end of the month.  Leasing each unit for $625/month with $400 deposit.  Includes new tile, carpet, paint, appliances, hvac in two, hot water heater for two, and new ceiling fans in all bedrooms.  Selling for $115k

Second quad was in a fire.  The exterior has been all re-done with paint, roof, and new windows.  Inside  has been gutted, needs to be put back together.  We estimate between $60-80k but also believe we could collect rents upwards of $700-750 per unit.  Selling for $65k.  

Both quads are exact same floor plan with three bedrooms and one bath.  In a B+ location with a C- neighborhood.  Close to everything and city just passed to extend Vision 2025 and one of the aspects is to clean this area up.  A brand new Taco Bueno and Popeye's was built as well as a conversion for a gym, so investors are putting money in the area.  

Reach out to me for any questions.  I don't have financials but do have a very good pro forma with current management and insurance rates.  Picture is of exterior of second quad, first is directly across the driveway.

Offering

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